7 Awesome Facts about Veteran Small Business Owners

In honor of Veteran’s Day, OnDeck is celebrating veteran small business owners all month long. Here are seven awesome facts about veteran small business owners:

1. Extremely MotivatedAccording to the SBA, veterans are roughly 45% more likely to form their own business compared to people who haven’t served any time in the military.

2. Highly Skilled
78% of veteran-owned small business owners are retiring from the military with 20 years of service – that’s a lot of experience to bring to any organization.

3. Great Long Term Planners
Not only are veterans diving into the entrepreneurial game, but they are also sticking around. Last year, the SBA reported that military veterans owned as many as 2.4 million businesses. That means on average, 1 out of every 10 business in the U.S is owned by a veteran.

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Loans Subject to Lender Approval. Depending on the state where your business is located and other attributes of the loan, your business loan may be issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC. Your loan agreement will identify the loan issuer prior to your signing.